Doppler Finance has successfully raised $3 million in seed funding, led by Reforge, to promote institutional adoption on the XRP Ledger (XRPL), which has a market cap around $200 billion. Despite its size, less than 0.1% of XRPL's value generates on-chain yield due to a lack of native staking and institutional-grade tools. This has left much of its liquidity unutilized, especially compared to Ethereum and Solana. Doppler aims to address this by creating 'XRPfi,' a financial layer for XRPL, with support from notable investors like DCG and Hashkey Capital. The platform will allow users to deposit XRP with qualified custodians, generating yields through secure, off-exchange activities. Doppler emphasizes transparency and security, with real-time proof of reserves and rigorous audits. Additionally, it plans to support Ripple's new stablecoin, RLUSD, as a liquidity engine. The initiative aims to bridge institutional compliance with DeFi, making on-chain yield accessible for all investors. Read more AI-generated news on: https://app.chaingpt.org/news

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